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Eaton, Jonathan - 2012

We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...

Persistent link: https://www.econbiz.de/10012755480

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 2010

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...

Persistent link: https://www.econbiz.de/10012763516

Quality Ladders and Product Cycles

Grossman, Gene M.; Helpman, Elhanan - 2021

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

Persistent link: https://www.econbiz.de/10013235883

Engines of Growth : Domestic and Foreign Sources of Innovation

Eaton, Jonathan; Kortum, Samuel S. - 2021

present a multicountry model of technological innovation and diffusion which has the implication that, for a wide range of …

Persistent link: https://www.econbiz.de/10013237260

Innovating Firms and Aggregate Innovation

Klette, Tor Jakob; Kortum, Samuel S. - 2021

We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...

Persistent link: https://www.econbiz.de/10013248388

Is Medicine an Ivory Tower? Induced Innovation, Technological Opportunity, and For-Profit vs. Non-Profit Innovation

Bhattacharya, Jay - 2015

opportunities. The paper also provides new evidence on induced pharmaceutical innovation. In both cases we use the change in the … demographic structure of the market (measured by age structure and obesity prevalence) to test the induced innovation hypothesis … pharmaceutical innovation responds to aging- and obesity-induced changes in potential market size …

Persistent link: https://www.econbiz.de/10012750249